Apex Resources Group Inc. (Pink Sheets APXR.PK) Announces That After Nine Years The Mackenzie Valley Natural-Gas Pipeline Has Been Approved Will Provide The Foundation For A Durable And Sustainable Future In The Mackenzie Valley And The Beaufort Sea Where Apex Resources Group Inc. Owns A 3.745% Working Interest In The Itiyok I-27 Well Which Is Part Of The SDL#55 Lease Totalling 4,480 Acres

SALT LAKE CITY, Jan 06, 2010 /PRNewswire via COMTEX/ -- Apex Resources Group Inc. (Pink Sheets: APXR) Is very pleased that the Mackenzie Valley natural-gas pipeline has been approved and will provide the foundation for a durable and sustainable future in the Mackenzie Valley and the Beaufort Sea where Apex Resources Group Inc. owns a 3.745% working interest in a major oil and gas discovery known as the Significant Discovery License #55 (SDL#55) Lease in which Apex is partners in the Itiyok I-27 Well with Imperial Oil Ltd. and other majors.

ITIYOK I-27 WELL (SDL #55) PARTNERS IN ORDER OF HIGHEST %: -----------------------------------------------

The Citadel Engineering Report states that the Itiyok I-27 Well (SDL#55) was originally drilled in 1983, at a total cost of CA$85 million. A review of Well data and geological prognosis indicates that a 640 acre area would contain proven recoverable gas reserves of 108 Bscf and proven recoverable oil reserves of 8,976 MSTB, with Apex Resources Group Inc. 3.745 % working interest net reserves of 4.04 Bscf and 336 MSTB.

In 1997 Apex Resources Group Inc. purchased a 3.745% working interest in the Itiyok I-27 Well (SDL#55) in the Beaufort Sea and is the fourth largest partner in the Itiyok I-27 Well, with Imperial Oil as the operator and the largest partner with an interest of 58.67312%. At current oil & gas market prices, the Apex 3.745% working interest in the Itiyok I-27 well in the Beaufort Sea estimated value is US$1.2+ Billion Dollars as calculated below.

After waiting about 9 years, the Mackenzie Valley natural-gas pipeline has finally been approved by a seven-member panel, which had to consider the environmental and social impact of the 1,200-kilometre project headed by Imperial Oil Ltd.

In a statement the Joint Review Panel (JRP) stated "it is confident that the project as filed, if built and operated with full implementation of the panel's recommendations, would deliver valuable and lasting overall benefits and avoid significant adverse environmental impacts". It was added that the project "would provide the foundation for a durable and sustainable future in the Mackenzie Valley and the Beaufort Delta regions, adding that this future would be a better one than a future without the project."

According to the report, the pipeline would ship up to 1.9 billion cubic feet of natural gas per day from the edge of the Beaufort Sea down to Alberta and southern markets. Many in the Northwest Territories view this as a means of achieving economic independence.

The panel was created in 2001, in an effort to streamline regulatory processes around the pipeline. In 2006, it launched public hearings in the Northwest Territories with the expectation of submitting a report by mid-2007, but the deadline was delayed and extended at least twice as the panel analyzed the findings. According to TransCanada Corp. chief executive Hal Kvisle, he estimated the regulatory delays have added $3 billion to the project's bottom line.

In 2000 the Mackenzie Valley pipeline was announced by a consortium of four oil and gas companies, Imperial Oil, Exxon-Mobil Oil, Shell Oil & ConocoPhillips, and also included aboriginal partners, known as the Aboriginal Pipeline Group Inc., consisting of 5 First Nations tribes and their financial backer Trans Canada Pipelines Inc. Trans Canada Pipelines Inc. wants the natural gas to feed its' markets in the USA.

These groups have continuously lobbied for federal support, boosting efforts after filing the pipeline application with regulators in 2004. Apex Resources Group Inc. believes the approval announcement is an opportunity for all parties to work together to finance and start the construction of the CA$16.2 Billion Dollar Mackenzie Valley Gas Pipeline for the benefit of all Canadians, while also benefitting the USA by increasing energy independence. This also spurts further developments to go ahead and to open up the huge potential of Northern Canada, where there is an abundance of mineral wealth of Gas, Oil, Gold, Diamonds, Copper, and Uranium, providing job opportunities and growth for the region and for their First Nation peoples.

APEX MISSION STATEMENT

Apex Resources Group Inc. now has the bases to start building a very powerful Gas and Oil Company for a very prosperous 2010 and a decade of growth for Apex and the Shareholders. The Company would like to take this opportunity to thank all the shareholders for their past and continued support through some very challenging times.

By the Board of Directors,

John Ray Rask

President

Apex Resources Group Inc.

The foregoing contains forward-looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "anticipates", "estimates", "continue", or comparable terminology intends to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including, but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Apex Resources Group, Inc.

The MacKenzie Valley pipeline which includes partners Imperial Oil (IMO-T), Shell Canada (SHC-T), ConocoPhillips(COP-Z), and Aboriginal Pipeline Group has been stalled due to land access issues with native groups in Canada. At a cost of come C$7 billion (U.S. $5.6 billion), the MacKenzie line could by 2010 bring up to 1.9 billion cubic feet per day of much needed Arctic gas with a steadily rising demand.

The larger Alaska Pipeline, also stalled as Exxon (XOM-Z), P-Z and ConocoPhillips (COP-Z) seek fiscal terms with the state regulatory clarity from the Canadian government, could tap as much as 6 billion cubic feet a day of gas from the Alaska North Slope by 2012 at a cost of $15-$20 billion.

[-chart]www.mackenziegasproject.com/theProject/_Images/MGP%20Main%20Map.gif[-/chart] excerpt;Our goal is to have natural gas moving through the pipeline by 2010. ME: BETTER LATE THAN NEVER?http://www.mackenziegasproject.com/[the above are projects on the working maps to scale. The Project Mackenzie Gas Project proposes to develop natural gas fields in the Mackenzie Delta of Canada's Northwest Territories and deliver the natural gas to markets through a pipeline system built along the Mackenzie Valley. Our goal is to have natural gas moving through the pipeline by 2010.

The Mackenzie Gas Project is a proposed 1220-kilometre natural gas pipeline system along the Mackenzie Valley of Canada's Northwest Territories to connect northern onshore gas fields with North American markets.

Imperial Oil Resources Ventures Limited;[ [-chart]www.mackenziegasproject.com/indexImages/LogoImperialOil.gif[-/chart] Imperial Oil Resources Ventures Limited wholly holds and operates the Taglu natural gas field and will construct and operate it. Imperial will also construct and operate the Mackenzie gathering system and the Mackenzie Valley

Aboriginal Pipeline Group (APG; [-chart]www.mackenziegasproject.com/indexImages/LogoAPG.gif[-/chart] The Aboriginal Pipeline Group (APG) represents the interests of the aboriginal peoples of the Northwest Territories in the proposed Mackenzie Valley Pipeline. It has the opportunity to acquire up to a one-third interest in the main Mackenzie Valley Pipeline.

The four oil and gas companies ("The Producer Group") hold interests in three large natural gas fields discovered in the Mackenzie Delta. In addition to being co-owners of the main Mackenzie Valley pipeline with the APG, the producer group will also be joint owners of gathering system, a gas processing facility near Inuvik that will separate natural gas liquids from the natural gas, and a liquids pipeline from the facility near Inuvik to Norman Wells.

Shell Canada Limited; [-chart]www.mackenziegasproject.com/indexImages/LogoShellCanada.gif[-/chart] Shell Canada Limited wholly holds interest in the Niglintgak natural gas field and will construct and operate the production facilities at

What's New

Northern Economics will host a technical conference to discuss the results of an independent In-State Gas Demand Study on Thursday Feb. 4th, 2010 at 2 p.m., Alaska Daylight Time. The conference will be available by webcast.

On January 29, the Alaska Pipeline Project filed its Open Season plan with the U.S. Federal Energy Regulatory Commission (FERC)-the first in the history of North Slope natural gas development. View news release...

Alaska Pipeline Project Route Map

About the Project

TransCanada and ExxonMobil are working together to advance the Alaska Pipeline Project. The goal is to build and operate a pipeline system that will make possible the development of Alaska's vast North Slope natural gas resources, helping sustain Alaska's, Canada's and the U.S. economies and providing a reliable, clean supply of domestic energy for the State of Alaska and North America. The Alaska Pipeline Project provides Alaska a viable option to develop its North Slope natural gas resources. Read more...

A Key Moment

The Alaska Pipeline Project has filed its plan for holding the first natural gas pipeline open season in the history of the North Slope in 2010 - a major milestone in the development of Alaska's vast natural gas reserves. Read more...

AGIA

The Alaska Gasline Inducement Act (AGIA) was enacted into state law in 2007 to expedite the construction of a pipeline to transport Alaska's natural gas resources to market. TransCanada became the official AGIA licensee in 2008 and is now working with ExxonMobil to advance the Alaska Pipeline Project. Read more...

Apex Resources Group, Inc. Company Profile - APXR UNITED STATES ...Apex Resources Group, Inc.. The Group's principal activity is to acquire interests in oil and gas properties and other business activities. wrightreports.ecnext.com › Company Profile Report › A

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12/13/2006 POINT AND FIGURE::::: chart2--point and figure[2 Box Reversal] ... small 360 with volume

THESE TWO ARE NICE FOR TRENDLINES AND WITH EMA 20/50/200 DAY--PPS AND VOLUME...COMPARISONS TOO. 12/13/2006 NEW CHARTS